Graduate Federal Direct Loans

Direct Loans are low-interest loans available to degree-seeking students enrolled at least half-time. The lender is the U.S. Department of Education, authorized under the William D. Ford Federal Direct Loan Program. An origination fee will be deducted from each disbursement by the U.S. Department of Education. Unsubsidized loans are not based on need, although you must file the FAFSA to be considered. Interest will be charged from the time the loan is disbursed to you until it is paid in full. You can choose to pay the interest while you are in school or allow it to accumulate. However, allowing it to accumulate will increase the total amount you have to repay. Interest is capitalized once at repayment, forbearance, deferment, and consolidation. For more information on Direct Loans visit See the Instructions for Applying.